Red Tortoise LLC Sells 47 Shares of Microsoft Corporation (NASDAQ:MSFT)

Red Tortoise LLC decreased its position in Microsoft Corporation (NASDAQ:MSFT) by 1.1% during the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 4,267 shares of the software giant’s stock after selling 47 shares during the period. Microsoft comprises 0.8% of Red Tortoise LLC’s portfolio, making the stock its 29th biggest position. Red Tortoise LLC’s holdings in Microsoft were worth $1,602,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of MSFT. Ball & Co Wealth Management Inc. acquired a new position in shares of Microsoft during the 4th quarter worth approximately $31,000. Newton One Investments LLC increased its holdings in shares of Microsoft by 66.7% during the 1st quarter. Newton One Investments LLC now owns 75 shares of the software giant’s stock worth $28,000 after acquiring an additional 30 shares during the last quarter. LSV Asset Management acquired a new position in Microsoft in the 4th quarter valued at $44,000. Fairway Wealth LLC acquired a new position in Microsoft in the 4th quarter valued at $62,000. Finally, IFS Advisors LLC grew its holdings in shares of Microsoft by 50.0% during the 1st quarter. IFS Advisors LLC now owns 150 shares of the software giant’s stock worth $57,000 after purchasing an additional 50 shares in the last quarter. Institutional investors own 71.13% of the company’s stock.

Wall Street Analyst Weigh In

MSFT has been the topic of several analyst reports. Raymond James Financial increased their target price on Microsoft from $490.00 to $570.00 and gave the stock an “outperform” rating in a report on Monday, July 28th. Cantor Fitzgerald increased their target price on Microsoft from $581.00 to $639.00 and gave the company an “overweight” rating in a research report on Thursday, July 31st. Wedbush increased their target price on Microsoft from $600.00 to $625.00 and gave the company an “outperform” rating in a research report on Thursday, July 31st. Jefferies Financial Group raised their price objective on Microsoft from $600.00 to $675.00 and gave the stock a “buy” rating in a research report on Thursday, July 31st. Finally, Citigroup raised their price objective on Microsoft from $605.00 to $613.00 and gave the company a “buy” rating in a research note on Tuesday, July 22nd. Two equities research analysts have rated the stock with a hold rating and thirty-one have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $609.86.

Insider Activity at Microsoft

In other news, EVP Judson Althoff sold 16,000 shares of the firm’s stock in a transaction that occurred on Monday, May 19th. The stock was sold at an average price of $458.18, for a total value of $7,330,880.00. Following the completion of the transaction, the executive vice president owned 98,010 shares in the company, valued at $44,906,221.80. This trade represents a 14.03% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Takeshi Numoto sold 4,850 shares of the firm’s stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $527.32, for a total value of $2,557,502.00. Following the transaction, the executive vice president directly owned 39,111 shares of the company’s stock, valued at approximately $20,624,012.52. This trade represents a 11.03% decrease in their position. The disclosure for this sale can be found here. Insiders sold 46,350 shares of company stock worth $21,493,447 in the last ninety days. 0.03% of the stock is owned by company insiders.

Microsoft Stock Performance

Shares of MSFT opened at $522.48 on Friday. The firm has a market cap of $3.88 trillion, a PE ratio of 38.30, a PEG ratio of 2.28 and a beta of 1.06. The stock’s fifty day moving average price is $501.60 and its two-hundred day moving average price is $440.51. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.35 and a quick ratio of 1.35. Microsoft Corporation has a 1 year low of $344.79 and a 1 year high of $555.45.

Microsoft (NASDAQ:MSFT) last announced its earnings results on Wednesday, July 30th. The software giant reported $3.65 earnings per share for the quarter, topping analysts’ consensus estimates of $3.35 by $0.30. The business had revenue of $76.44 billion for the quarter, compared to analyst estimates of $73.79 billion. Microsoft had a return on equity of 32.44% and a net margin of 36.15%. The company’s quarterly revenue was up 18.1% compared to the same quarter last year. During the same period in the prior year, the company earned $2.95 EPS. On average, equities research analysts forecast that Microsoft Corporation will post 13.08 EPS for the current year.

Microsoft Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 11th. Investors of record on Thursday, August 21st will be issued a dividend of $0.83 per share. The ex-dividend date is Thursday, August 21st. This represents a $3.32 annualized dividend and a yield of 0.6%. Microsoft’s dividend payout ratio is currently 24.34%.

Microsoft Profile

Microsoft Corporation develops and supports software, services, devices and solutions worldwide. The Productivity and Business Processes segment offers office, exchange, SharePoint, Microsoft Teams, office 365 Security and Compliance, Microsoft viva, and Microsoft 365 copilot; and office consumer services, such as Microsoft 365 consumer subscriptions, Office licensed on-premises, and other office services.